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Financial Consolidations

The financial consolidations functionality in abas ERP allows you to easily combine reporting for several entities, giving you a complete picture of your financial and operational data in one place.

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Financial Consolidations in abas ERP

Benefits

Independent operations:

In abas each of your companies can be run in a separate, secure way. 

Centralized reporting:
Financial reporting can be rolled up centrally -- even when different year-end closes or currencies are in play -- with easy exporting and importing.
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Operate each company independently, report together

Financial consolidations are typically needed when there are multiple child companies or plants operating independently of each other, with one corporate office that needs to see consolidated reporting across all of their entities, such as monthly P&L statements. While many ERP software packages require the use of spreadsheet programs and manual labor to make this possible, abas ERP makes it easy with our financial consolidations function. Data can be exported and imported seamlessly from child to parent companies all while staying within the abas ERP environment.

Consolidations
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  • Consolidate reports, even across currencies

    In many cases, organizations have companies in multiple countries, which means they’re likely doing business in multiple currencies. abas supports different currencies for each child company and automatically handles the currency exchange rates for the consolidated reporting.

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